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Economy and Jobs

Our nation continues to struggle through a stagnant recovery characterized by unacceptably high unemployment and underemployment. Though Texas has fared better than most states, we have not been immune. The Obama Administration’s economic agenda of job-killing tax hikes, burdensome regulations, and stimulus-style spending has failed. That’s why Senator Cornyn and Senate Republicans have introduced a jobs plan to jumpstart the American economy. Starting with commonsense policies to live within our means, Senator Cornyn’s plan calls for reforming our convoluted tax code, easing Washington regulations on Texas businesses, and tapping into the abundant energy resources we have here at home. There’s a reason why folks from all over the country are moving to Texas: low taxes, sensible regulations, and fiscal restraint have made our state a job-creating powerhouse, and Senator Cornyn will keep pushing for Washington to be more like Texas.

President Obama’s budget plan for next year was a resounding blow Tuesday – when the Senate rejected it by a 98-1 vote…
“This is the president’s proposed budget,” Cornyn said. It was, anyway. And good riddance.

President Obama’s budget suffered its latest ignominious defeat when the Senate rejected it on a 98-1 vote Tuesday evening, capping off the first votes of the budget season.
…
“This is the president’s proposed budget,” said Sen. John Cornyn, the Texas Republican who forced the vote by offering the amendment, complete with the tax hikes, spending increases and deficit targets Mr. Obama had projected in the document he sent to Congress last month.

The president’s budget will be offered as a substitute amendment, with senators expected to vote on the measure later Tuesday afternoon. “… We’re going to give all members of the United States Senate a chance to vote on the president’s proposed budget,” Cornyn said from the Senate floor. “I will vote no — that’s probably no surprise to anyone.”

The president’s policies have given us a “recovery” that feels very much like a recession.

The people most affected by the slow growth and weak job creation of the Obama years have been the millennials, many of whom campaigned for the president in 2008 and truly believed his message of “hope and change.” Little did they know what his actual agenda would mean for their future.